eTelcharge (fka ETLC)

[LoanStew]

Zagdad,
Whether as a monitor or a regular poster here, I have the right to share my opinion, based on the information available to me and to others.
It is not so far-fetched to have the opinion that a company that would be contributing 99 percent of revenues would want to have a similar ownership percentage.
Would you, if you owned a company that brought in 99,000 in revenues, want only a 55/45 (give or take) share in a company?
As a salesperson, if you were responsible for 99 percent of sales in your company, would you split your commissions with everyone else so that you only got about 55 percent of them?
It is this reasoning that suggests the possibility of a reverse split, as it would allow ETLC to give AHM a closer percentage of ownership to match their contribution to the company. (Note that as part of the planned merger, AHM is to give 3 million dollars to ETLC to use, which is about 1500 times their current cash position)
This is not "bashing," it is discussing the situation as it has been disclosed in the filings and press releases.
It has been stated in the PRs that AHM is a 100 million dollar revenue generating company.
It has been stated in the filings that ETLC had 7,521 in revenues in the first quarter of 2006, and less than 20,000 dollars in revenues in its history through Dec 31, 2005. Please do correct me if any of the facts I'm presenting are incorrect, and state where in the filings it is stated. Also note that outstanding shares have gone from 66.5 million at 12/31/04 to over 128 million as of the 10Q for the first quarter. Please also note the current cash position of ETLC as of the 10Q. And also note that the discussed merger has not occurred as of yet, so any discussion of the merger as fact is incorrect as well. I, too, would like to see much more fact on this board. Posts filled with personal attacks, especially of the board monitor, do not fit into that plan, Zagdad. I will kindly ask you to refrain from such attacks, as posts will be removed.
So, as you request, I'm going to state the "real side that is finally here." The company as it stands now has 128 million plus shares outstanding, $7521 in revenues this year, and a cash position as of 3/31/06 of $2803.
I do believe that IF the merger happens, IF revenues from the following quarter reflect prorated revenues of 100 million dollars, and IF the company shows profit, this stock is undervalued by several dollars. I don't think anyone who follows stocks would disagree. As of now none of this is fact.
I will once more request that you refrain from personal attacks of other posters. Thank you, and happy trading.
-The above, if not presented in filings and press releases, is my personal opinion, and should not be considered advisement as to whether to buy or sell shares of this or any other stock. I am not a registered investment advisor, nor do I play one on TV.